Monday, July 5, 2010

Knicks agree to terms with Amar'e Stoudemire

Ken Berger of CBS Sports is reporting (along with many others) that the Knicks and Amar'e Stoudemire have agreed on a five-year deal worth approximately $100 million. It was pretty much a foregone conclusion that Amar'e would end up in New York but it was sealed with a handshake today and can be made official on Thursday.

Coming into the Summer of 2010, the Knicks were the only team with room to sign two max free agents and can still add a big name to go along with Stoudemire. The Knicks are presumably hoping that adding Amar'e will help to lure LeBron James or Dwyane Wade to New York. If not, the Knicks could re-sign David Lee and pair him with Stoudemire, as well as explore the rumored trades for Tony Parker and Monta Ellis that have been reported.